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Fly News Breaks for September 11, 2017
GRUB
Sep 11, 2017 | 05:34 EDT
Credit Suisse analyst Paul Bieber downgraded GrubHub to Neutral saying the shares at current levels reflect an "optimistic scenario" for accretion from recent acquisitions. The analyst thinks the company's accretion guidance in January is likely to disappoint and views the shares as fairly valued at current levels. Bieber upped his price target for GrubHub to $53 from $50.
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